Trending stocks: Indian Oil Corporation shares rise nearly 3%

NEW DELHI: Shares of Indian Oil Corporation Ltd. traded 2.78 per cent up in Tuesday's trade at 11:07AM (IST). Around 384,236 shares changed hands on the counter.

The scrip opened at Rs 76.5 and touched an intraday high and low of Rs 77.55 and Rs 76.35, respectively, in the session so far. The stock of Indian Oil Corporation Ltd. quoted a 52-week high of Rs 170.4 and a 52-week low of Rs 71.15.

Total market cap of the Indian Oil Corporation Ltd. stood at Rs 70088.41 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 123929.51 crore for the quarter ended 31-Dec-2019, up 11.52 per cent from previous quarter's Rs 111128.7 crore and up 12.12 per cent from the year-ago quarter's Rs 141016.49 crore.

The net profit for latest quarter stood at Rs 2683.87 crore, up 249.62 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 6.06 per cent stake in the company, while foreign institutional investors held 7.19 per cent and the promoters 51.5 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 5.41 and a price-to-book ratio of 0.59. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indian Oil Corporation Ltd. belongs to the Oil Refining & Marketing industry.